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Title: [2017-12-19]Weekly Cryptocurrency and ICO Market Analysis [December 11-17, 2017] Post by: patrickUN on December 19, 2017, 10:04:22 PM We give an analysis of the change in demand for cryptocurrency on December 10, 2017 (prior to the commencement of trading in Bitcoin futures on the CBOE (Chicago)).
At 00:00 UTC on December 10, 2017, cryptocurrency capitalization equaled $416.9 billion (see Table 1.1). Over the next four hours market capitalization fell by more than $50 billion, and by 04:00 UTC on December 10, 2017, equaled $363.6 billion (see fig. 1). However, by the start of the day on Monday (December 11, 2017, 00:00 UTC), the market had rebounded to $411 billion, and a significant increase in capitalization growth to $579.5 billion was subsequently seen (December 17, 2017, 00:00 UTC, see Table 1.1, fig. 1). Over the past week (December 11-17, 2017) market capitalization increased by approximately $160 billion, with Bitcoin, the capitalization of which increased from $253.8 billion to $326.1 billion, accounting for $70 billion of this increase. The growth in altcoin capitalization over the week equaled approximately $90 billion, from $163.1 billion to $253.4 billion https://www.coinspeaker.com/2017/12/19/weekly-cryptocurrency-ico-market-analysis-december-11-17-2017/ |